Passbook account definition

Passbook account means an account under which debits and credits are posted by the bank recording them in a passbook originally given by the bank to the customer and presented to the bank for such recording by the customer.
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Passbook account means an ac- count in which the member retains a book or other document in which the credit union records transactions on the account.
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Passbook account means an account which is evidenced by a
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Examples of Passbook account in a sentence

  • In any case you will get the statement at least quarterly).(4) Passbook account where the only possible electronic fund transfers are preauthorized credits.

  • You will not receive a periodic statement noting these transactions on your Passbook account.

  • In any case you will get the state- ment at least quarterly).(4) Passbook account here the only possible electronic fund transfers are preauthorized cred- its.

  • If the only type of electronic fund transactions are preauthorized deposits you will not receive a statement for your Passbook account.

  • Deposit in the Passbook account opened with the Bank is deemed deposit pursuant to Article 3, par.

  • Their theory further exposed that, in the market economy, there are different financial instruments like Bank Deposits, Passbook account, bonds and equity shares.

  • Table 1 shows the result of applying the quality cost model (P-A-F-R).

  • If you have a Passbook account, it will be converted to a savings account.

  • Passbook account where the only possible electronic fund transfers are preauthorized credits.

  • The "Golden Passbook" account represents the Bank's largest deposit account category comprising 42.8% of total deposits.


More Definitions of Passbook account

Passbook account means an account which is evidenced by a passbook, certificate of deposit or similar document.
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Related to Passbook account

  • Investment Account As defined in Section 3.12(a).

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Separate Accounts means the accounts which are to be prepared for each

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Fiduciary Account means an account in which the lawyer deposits fiduciary property.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.